Solör Bioenergi acquires Lantmännen Agrovärme

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02 September 2022, Sweden: Lantmännen divests Lantmännen Agrovärme, which produces, distributes, and sells district heating from 19 plants in the southern and central parts of Sweden to approximately 1100 customers. The company has a clear focus on providing its customers with sustainable energy.  The buyer is Solör Bioenergi – one of the largest players in the Swedish and Nordic district heating markets.

Lantmännen Agrovärme’s strategy is to contribute to a circular economy.  About 95 percent of the heat from Lantmännen Agrovärme comes from the combustion of locally produced biofuels, such as wood chips, energy forests, wood pellets and rest products from agriculture.

Lantmännen Agrovärme operates in 19 locations in Sweden and the heating plants deliver approximately 150 GWh annually.  In 2019, the business expanded to include production of biochar in several of Agrovärme’s plants.

“Lantmännen Agrovärme is a stable company that has shown good development in its local markets for several years. However, in order to maintain its growth rate, it is important that Agrovärme becomes part of a larger company with district heating as its core business,” says Joachim Haas, Managing Director, Lantmännen Fastigheter.

The transaction is expected to be completed in September.

Also Read: 2022 Norman Borlaug Award to Indian Scientist Dr. Mahalingam

(For Latest Agriculture News & Updates, follow Krishak Jagat on Google News)

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